Jul
25

Buy This House, Lunch With Its Convict

July 25, 2011

You know we love talking about famous, and infamous, pieces of Chicago real estate for sale. This one falls in the latter category.

The Cicero home of former Town President Betty Loren-Maltese will be auctioned off on Thursday.

The Cicero home's living room.

Loren-Maltese spent six years in prison after being convicted in 2002 of defrauding Cicero resident out of more than $12 million in a mob-related insurance scam.

The government seized her Cicero home, plus a home she owned in Las Vegas and two properties in Indiana. Now, that Chicago-area home will go to the auction block to start covering some of the $8.3 million Loren-Maltese still owes the town of Cicero.

The brick raised-ranch, located about nine miles west of Chicago at 3818 South Austin Boulevard, has three bedrooms and one-and-a-half baths in 1,200 square feet of living space. There’s a finished basement with a second kitchen, a two-car detached garage, a covered patio and a fenced-in yard.

The first-floor kitchen.

Also included in the home: Some of the former owner’s belongings that were left behind.

But wait, there’s more! The winning bidder will get more than just the house and some of her stuff; Betty Loren-Maltese has said that she would be willing to go to lunch with the new owner to discuss the history of the house. She should know: She and her late husband bought it brand new in 1980.

Loren-Maltese, who now lives in an apartment in Palos Heights, is expected to show up at the auction, which is at the Cicero house at noon on Thursday, July 28. Registration starts at 11:30 a.m.

The opening bid is still to be determined.

For more information on the auction, visit treasury.gov/auctions or call (703) 273-7373.

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Tracey

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